Darrell Bratton
I am looking for a Real Estate Attorney in Maryland
I live in Maryland and have a Maryland LLC. I am looking to transfer my deed into the LLC and have contacted a lawyer about it. I am not sure if his costs are high so I would like to get a second or third opinion on t...
Jonathan Orr
Parking Lot Underwriting
Hi BP, have an opportunity to acquire a retail asset and attached parking lot. In the investigation I have determined that because of the area, the parking lot can be a source of revenue. However, I have never unde...
Kenny Oliver
Seller Concession Loss
Hi everyone Im in the process of closing on a SFH the purchase price is 213k with 20% downThe seller concession was $6065 to cover closing costs there is $419 left over due to the "limit im allowed to receive" and my ...
Michael Sarrail
Rental Property Coverage
New to the game and buying my first rental property. SFH in Independence, MissouriI would like to know what type of coverage you buy for your rentals.Replacement cost or actual value? High or low deductible? Basic or ...
Sebastian Riera
Resources to estimate expenses (Insurance, taxes, util etc.)
Hi all, I've been evaluating properties & attempting to determine the viability of keeping them on as full time vacation rentals. My confidence in the projected revenues is pretty high since my employer has access...
Geoffrey Tanudjaja
Homeowner's Insurance for Buy&Hold Investors
Hi BP Community!I am currently shopping for insurance's quote and I am confused with what they have to offer. The property (duplex) is located in Detroit, MI. The size is around 2,000sqft and was built in 1928. They j...
Jake Recz
Problems with homeowners insurance for a REO needing work
I'm in the process of buying a REO. I need to put in a kitchen, bathroom, floors etc. Sonit does need some work. Problem is I can't get regular homeowners insurance according to my agent. The ins company won't write a...
Joseph Graeve
How to calculate exit price on an apartment building with regard to property taxes.
When you are purchasing a multifamily property, the seller will be advertising the property performs at a certain cap rate. Their cap rate is based (among other things) on the current property taxes that they pay. If...
Shane Petersen
Insurance Brokers or Insurance Company Recommendations in Colorado
We are looking to switch our insurance policies for our rental portfolio. We went local up here in Alamosa, CO but we aren't happy with the service. Any suggestions on an insurance company or broker would be much appr...
Michael S.
Military, have partner, seek advice on corporate structure
Title change because the old one sounded like I was soliciting. Mods: can you please delete old post?
Hi folks,
I am active duty military, and I currently have 2 rentals and the house I live in. I woul...